Davis, Douglas; Reilly, Robert; Wilson, Bart - In: Experimental Economics 6 (2003) 2, pp. 209-226
This paper reports an experiment designed to assess the effects of a rotation in the marginal cost curve on convergence in a repeated Cournot triopoly. Increasing the cost curve's slope both reduces the serially-undominated set to the Nash prediction, and increases the peakedness of earnings. We...